On this day: December 31

Times Square holds its first New Year's Eve celebration, the board game Monopoly is patented, "Calvin and Hobbes" say goodbye, and the U.S. relinquishes control of the Panama Canal, all on this day.

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Department of Defense

1880: George C. Marshall, who served as the U.S. Army chief of staff during World War II and as the chief military adviser to President Franklin D. Roosevelt, is born in Uniontown, Pennsylvania. He also served as secretary of state and secretary of defense under President Harry S. Truman, winning a Nobel Peace Prize for his part in crafting the program to help rebuild European economies after World War II that became known as the Marshall Plan.

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